posted by And One
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supersonicsoul.com - 7/3/2008
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Well, it appears that $75 million is the magic number. The City of Seattle accepted a cash payout of $75 million from the PBC to allow the Sonics to leave their home of 41 years and move to Oklahoma City. That amount may or may not be repaid by Clay Bennett, et al if the city were to receive another team in the Sonics' stead. As you would imagine, more to come.
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A touching farewell to the Seattle Sonics
A Stern Warning - NBA, NBL and FIBA News & Views —
... Unfortunately for the Sonics fans of Seattle, their team is officially gone now. A court settlement between the new ownership group (fronted by Clay Bennett) and the City of Seattle has named the price of $75m as the quantification of the passion of a loyal following of fans.
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